Thursday, September 29, 2011

German Parliament clears bailout plan

Germany's parliament has approved reforms to the European Financial Stability Facility (EFSF) that would allow the fund to participate in the primary market and to recapitalize European banks in a much-anticipated vote in the Bundestag.The vote in the Bundestag, which was set to be another milestone – and another drama in the travelling circus of Europe's crisis response –...